AWD Chase de Vere records 667% profit increase

The UK arm of AWD Holding AG reported turnover was up 5.5% to €34.5m over the period comapred to last year. Earnings before interest and tax (EBIT) were €4.6m, up from €0.6m during the comparable period last year. Overall, AWD Group recorded a turnover of €387.8 m, up 1.7%, helping to boost EBIT to €28.8 m, from a loss of €19.4 last year. Manfred Behrens, chairman of AWD Holding AG, says: "With the results from the first three quarters of 2010, we have now laid down the basis for a solid level of profitability. "Over the last three quarters, we have implemented our efficiency measu...